S&P 500 emini pre-open Monday 30th June posted 09.19 a.m. est Although both the Significant Sellers and Buyers were active, ES made little progress last week. As I have written before, when both Significant groups are active but ineffective in the ST it usually suggests that current price is centred around an important (or more […]

S&P 500 emini pre-open Friday 27th June posted 09.19 a.m. est Dayframe: Reactive Buying (green-at-bottom) was marked again on Thursday but notice that First Level Resistance at 1949 halted the rally (see yesterday’s comments) and Thursday’s Value Area was generated entirely below this level. Effective Selling marked below 1949 would be a sign of ST […]

S&P 500 emini pre-open Thursday 26th June posted 08.50 Following Monday’s Aggressive Selling (Ineffective), Buyers Reacted (green-at-bottom) immediately on Wednesday and auctioned ES back to 1949 which is now the 60day poc. Pre-open further time is being printed here. If ES can hold above this level it is in a strong price location but Effective […]

S&P 500 emini pre-open Wednesday 25th June posted 06.45 a.m. est ES sold off on Tuesday after initially setting a new high. SPY closed at a six day low. Aggressive Selling was marked but an “outside” Value Area was generated which was almost entirely above 1949, the minor poc. So this is not yet Effective […]

S&P 500 emini pre-open Tuesday 24th June posted 09.19 a.m. est Monday’s session was printed entirely above the minor poc at 1949.00, see yesterday’s highlighted comments. Time printed below that level would be a minor sign of weakness. Pre-open that level has been tested. Rydex ratio pushing higher again, see below. Momentum for all four […]

S&P 500 emini pre-open Monday 23rd June posted 08.45 a.m. est Last week I marked Significant Buying once and no Significant Selling. Early in the week the min poc fell to 1922.50 where ES subsequently found Support and later in the week the min poc moved back up to 1949.00. Will this level provide Support […]

S&P 500 emini pre-open Friday 20th June posted 09.05 a.m. est Interesting how the minor poc has been migrating, see previous highlighted comments. On Tuesday it fell to 1922.50 where ES subsequently found Support (see dashed line) and has now moved back up to 1949.00. Will this level now provide Support? Negatives: VIX has fallen […]

S&P 500 emini pre-open Wednesday 18th June posted 08.56 a.m. est The minor (27day) poc moved back down to 1922.50, see previous highlighted comments. Price below 1922.50 would be a minor sign of weakness. Looking at the ES Sep contract in isolation, the 1/2R of this month’s high is at 1932.50 which may be intraday […]

S&P 500 emini pre-open Tuesday 17th June posted 0848 a.m. est dayframe: Looking at the ES Sep contract in isolation, the 1/2R of this month’s high is at 1932.50 which may be intraday Support or Resistance today. Price below 1922.50, our dayframe Support, would be a minor sign of weakness. Note that this was almost […]

S&P 500 emini pre-open Monday 16th June posted 09.12 a.m. est Note: we are now following the ES Sep contract. Friday closed below the Mon-Wed Hi-Lo Range indicating Sellers Active on the weekly timeframe but the weely bar was overlapping/higher so this is not Effective Selling on this timeframe. On Friday I marked Reactive Buying […]